Hazer Group (ASX:HZR) CDP Performance Update

Hazer Group Ltd (ASX:HZR) has achieved a significant milestone with over 360 hours of continuous operation at its Commercial Demonstration Plant (CDP). The company reported stable production and uptime of over 97%, surpassing previous methane to hydrogen conversion campaigns and approaching design values. The test program is progressing well and is expected to be completed by the end of 2024.

Executive Commentary on CDP Performance

Hazer CEO Glenn Corrie expressed satisfaction with the recent test campaign, highlighting the increased methane to hydrogen conversion and stable operation achieved. The company's technology scalability and extensive global patent coverage position Hazer as a leader in the methane pyrolysis space. The successful performance test program has de-risked the commercial scale technology and reinforced the resilience of the Hazer Process and material selection.

Summary of CDP Update and Future Outlook

Hazer Group's achievement of over 360 hours of continuous operation and positive test results at the CDP demonstrate the company's progress towards commercial readiness. The upcoming focus on high-purity graphite production and the integration of the next generation reactor indicate a strong outlook for Hazer's commercial scale-up strategy. The company's leadership in the global methane pyrolysis arena and its unique competitive advantages position it as a low-cost clean hydrogen solution for industry decarbonization at large scale. With ongoing commercial projects and strategic partnerships, Hazer is well-positioned to meet the growing demand for large scale applications in sectors such as steel making, refining, and petrochemicals.